Over the past week, demand from buyers in the Turkish hot dip galvanized (HDG) coil market has remained at low levels, with buyers maintaining their cautious stance amid the ongoing economic and political uncertainty in Turkey. However, as a result of the sharp increase seen in demand for Turkish HDG in the export markets since early February, Turkish producers’ export HDG orders have picked up, and this has been reflected in a $10/mt week-on-week increase on the lower end in Turkish domestic HDG prices. In the coming period, HDG prices in the Turkish domestic market are expected to continue rising with the support of higher raw material and hot rolled coil (HRC) prices.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
Product |
Price ($/mt) |
Change ($/mt) |
HDG 0.50 mm 100gr/m² |
690-710 |
↑5 |
HDG 1 mm 100gr/m² |
645-660 |
↑7.5 |
HDG 2 mm 100gr/m² |
610-615 |
↑5 |
Meanwhile, demand for Turkish HDG from the export markets has remained strong over the past week, while Turkish producers’ HDG export offer prices have moved up by $10/mt on the lower end week on week to $670-690/mt FOB.